What Has Been the Progress and Growth of the Calibration Services Market in Recent Years?
The calibration services market has seen considerable growth due to a variety of factors.
• There has been a significant expansion in the market size of calibration services in the past years. Predictions indicate an advancement from $6.76 billion in 2024 to $7.27 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.
Factors contributing to this growth during the historic period are attributed to demands from environmental monitoring and control, the aviation and aerospace industry, scientific research and development, enhancement in the healthcare sector, and the expansion of the manufacturing sectors.
What is the Market Size Forecast for the Calibration Services Market?
The calibration services market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to witness impressive growth in upcoming years, the calibration services market is predicted to climb to a value of $9.91 billion by 2029, flaunting a compound annual growth rate (CAGR) of 8.1%.
The substantial growth during the projected period can be credited to the swift progression within digital transformation in manufacturing, broadening of aerospace and defense industries, the rise of intelligent cities and infrastructures, the soar in the renewable energy sector, and heightened demand within healthcare and medical devices. Foreseen trends within the projected period encompass remote and on-demand calibration services, incorporation of automation and robotics in calibration, utilisation of data analytics and predictive maintenance, concept of augmented reality (AR) and virtual reality (VR) calibration solutions, and integration of calibration management software.
What Main Forces Are Fueling Expansion In The Calibration Services Market?
The calibration services market is set to experience significant growth, driven by the surge in industrialization. The increase of industrialization is due to various factors including job creation, the advancement of education, research, and industrial development, among others. The rapid growth of industrial sectors and manufacturing industries, which produce numerous products requiring testing and validation, fuels this trend. It's necessary for these products or materials to undergo testing for any discrepancies and precise performance before they are utilized for their final purpose. This creates a vast demand for calibration services that assess and ascertain the correct functioning and quality of these products. UNIDO (United Nations Industrial Development Organization), a US-based entity aiding nations with economic and industrial growth, reported in 2022, the global manufacturing sector saw a year-on-year growth of 4.2%. Correspondingly, industrial economies noted an annual output expansion of 4.1%. This was succeeded by a steady climb of 3.6% and 6.1% in the subsequent two quarters. Furthermore, according to YCharts, a US-based platform for investment research, US industrial production in 2022 grew by 3.68% which surpasses the long-standing average of 3.58%. Hence, the upswing in industrialization will catalyze the expansion of the calibration services market.
What Are The Major Segments Within The Calibration Services Market?
The calibration services market covered in this report is segmented –
1) By Service: In-House, OEMs (Original Equipment Manufacturer), Third-Party Service
2) By Calibration: Electrical, Mechanical, Thermodynamic, Physical Or Dimensional, Other Calibrations
3) By End Use: Electronics Manufacturing, Communication, Aerospace And Defense, Automotive, Other End-Uses
Subsegments:
1) By In-House: Internal Calibration Labs, On-Site Calibration Services
2) By OEM(Original Equipment Manufacturer): Manufacturer-Provided Calibration, Warranty-Based Calibration Services
3) By Third-Party Service: Independent Calibration Providers, Mobile Calibration Services, Accredited Calibration Labs
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Which Trends Are Expected To Transform The Calibration Services
Embracing innovative product offerings is a growing trend in the calibration services market. Increasingly, providers of these services are turning to groundbreaking calibration equipment technology to deliver superior calibration services with enhanced precision and consistency. These top-notch services allow industry participants to maintain their market dominance and establish a competitive advantage. For instance, in July 2022, Renishaw PLC, a UK-based firm known for its coordinate-measuring machines and machine tool products, unveiled a groundbreaking CNC probe calibration machine. This device incorporates an ACS-1 (Advanced Calibration Sphere), an innovative solution aimed at enhancing the precision and consistency of CNC machine tool probe calibration. The ACS-1 is designed to optimize measurement accuracy on machine tools by eliminating manual calibration procedures. The ACS-1's magnetic base is utilized to affix it to the machine tool's table or chuck. Pushing the plunger down to the appropriate position and locking it generates a precise datum surface with a test bar or other pre-defined length instruments. By utilizing the calibration disc, which constitutes the plunger's top surface, the probe's entire length can be acutely calibrated. The integration of this cutting-edge machine will empower industry players to provide superior calibration services to their clientele.
Who Are the Key Players in the Calibration Services Market?
Major companies operating in the calibration services market include:
• Siemens AG
• General Electric
• Danaher Corporation
• Asea Brown Boveri Ltd
• Eaton Corporation
• Keysight Technologies Inc.
• Ametek Inc.
• Fluke Corporation
• Optimal Calibration
• Mettler-Toledo International Inc.
• Endress+Hauser AG
• Yokogawa Electric Corporation
• Rohde & Schwarz GmbH & Co KG
• Tektronix Inc.
• WIKA Alexander Wiegand SE & Co. KG
• National Technical Systems
• Trescal Holdings Inc.
• Industrial Physics
• Beamex Oy Ab
• Transcat Inc.
• Instron Corporation
• Micro Precision Calibration Inc.
• Cole-Parmer Instrument Company LLC
• Simco Electronics
• Anton Paar GmbH
• Chauvin Arnoux Group
• Gagemaker LP
• Tradinco Instruments
• American Calibration Inc.
• Optical Test and Calibration Ltd.
• Instrumentation Laboratory
• Pruftechnik
• FLIR Systems
• Global Beam Technologies
• Intertek Group plc
• Nagman Instrumentation & Electronics
What Is The Most Dominant Region In The Calibration Services Market?
Europe was the largest region in the calibration services market share in 2024. The regions covered in the calibration services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
